As in the case of money-printing policy, if the pool of real savings is declining, massive government outlays cannot revive the economy; on the contrary, they will make things much worse. The only way fiscal stimulus could “work” is if the pool of real savings is still growing. The increase in economic activity when the pool of real savings is expanding is erroneously attributed to the government’s loose fiscal policy. If the pool is shrinking, real economic activity will continue to decline – regardless of any increase in government outlays. Again, government is not a wealth-generating entity; the more it spends, the more it takes from wealth generators, thereby weakening any prospects for a recovery. FULL ARTICLE
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4 comments ↓
This an interesting outline of what we know to be true, but how do you or do you & others there at the institute have any concrete &positive steps or actions we the people can take to stop the next round of fiscal bailouts and give aways the Sen. Todd is preparing to do, short of having to go and file a multi trillion dollar lawsuit against congress & the senate and asking for an emergency cease and desist order from the US Supreme court to stop the fiscal blundering and madness washington seems they are free to keep doing to we the people ? So please sir…if you have any tangable ideas or solutions, please tell us that…as time that has gone by can’t be changed, but we can try and do something with the here,now and tomorrow.
Steve, i don’t think ANYone has an idea of how to get Congress to listen. In the last round of financial bailouts, people in Congress were reporting that they were getting 100 calls opposing to every 1 in support. You know what they did? They passed it anyway.
So if Congress won’t listen to the people if it’s 100-1, will they ever?
And there lies the problem, we call, we write, we vote and still they ignore us. But if we or those people who are going to see the president elect take the oath of office were to see and talk with their congressional & senatorial reps, and tell them to their faces and let them know how displeased they are maybe just maybe someone will get the idea that when we the voters say NO..that’s what we mean…NO ! myself, i can’t go, but i have and still keep the fire to the feet of my states group…and everytime they call they know and understand…I will not take any long winded excuse…it’s either you do what we the people need and tell the lobbiests to take a walk or else…but the lobbiests have more money than we do…go figure…
And what happens when they still won’t listen?
I assume if thousands of people started showing up to “visit” them in person, they’d feel that it were a threat. They always use “security” as a reason to close themselves off so I think they’d simply close their offices to public visits – and we’d be in the same position.
Personally, I don’t ever want to step foot in Washington D.C. – the capital of the empire sickens me.
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